National Newswatch

Trump Says He Would Intervene in Huawei Case to Get China Deal

Dec 11 2018 — — President Donald Trump said he would intervene in U.S. efforts to extradite Huawei Technologies Co. executive Meng Wanzhou if it helped him win a trade deal with China. “If I think it’s good for what will be certainly the largest trade deal ever made, which is a very important thing — what’s good for national […]

Trump Calls Tillerson ‘Dumb as a Rock’ and ‘Lazy as Hell’

Dec 7 2018 — — President Donald Trump called Rex Tillerson “dumb as a rock” and “lazy as hell” after his former secretary of state broke his public silence and said he often had to push back against ideas that would have violated the law. Trump tweeted Friday that Tillerson “didn’t have the mental capacity needed. He was dumb as […]

‘Shocking’ Huawei arrest threatens to upend Trump-Xi trade truce

Dec 6 2018 — — On the same day Donald Trump and Xi Jinping struck a trade war truce in Argentina, some 7,000 miles away Canadian authorities made an arrest that now threatens to make the U.S.-China conflict much worse. The U.S. is seeking the extradition of Wanzhou Meng, chief financial officer of Huawei Technologies Co., after convincing Canada to […]

Trump Firm Eyed Giving Putin $50 Million Penthouse, Broker Says

Nov 30 2018 — — President Donald Trump’s company considered offering Russian President Vladimir Putin a $50 million penthouse in a planned skyscraper in Moscow to make the building more desirable to rich buyers, according to the Russian-born real estate developer who was broker on the project. Felix Sater, a felon, ex-government informant and former Trump business associate, said Thursday […]

OPEC Expected to Cut Oil Production Despite Trump, Survey Shows

Nov 27 2018 — — OPEC and its allies will announce production cuts to check a slump in oil prices when they meet next week, defying pressure from U.S. President Donald Trump, according to a Bloomberg survey. Thirty-one of 36 analysts and traders in a global poll predicted that the coalition of producers known as OPEC+, led by Saudi Arabia […]

Morneau Is on Shaky Ground With Claims of Canadian Wage Gains

Nov 24 2018 — Theophilos Argitis — The pick up in Canadian wages that Finance Minister Bill Morneau is using to justify running deficits may not be as robust as advertised. In a budget update Wednesday, Morneau kept deficits at just under 1 percent of output, arguing strong growth, falling unemployment, and rising wages are evidence his anti-austerity policies are working. But […]

Business Lauds Trudeau’s Tax Relief But Says More Could Be Done

Nov 22 2018 — — Justin Trudeau spent a windfall on billions in tax breaks for Canadian businesses. Their response is that he still has work to do. Finance Minister Bill Morneau unveiled a fiscal update Wednesday in Ottawa with C$14 billion ($10.5 billion) in temporary write-offs for capital investment, a pledge to slash red tape, some direct cash for […]

Key Democrat Demands Changes to New North America Trade Deal

Nov 14 2018 — — President Donald Trump’s new trade deal with Canada and Mexico needs changes to secure support from Democrats, according to a senior House Democrat in line to play a leading role on trade policy in the new Congress. There needs “to be not only changes in the legislation but more enforcement” if the Trump administration wants […]

A US$1.7T fund manager slams Trudeau’s pipeline policies

Nov 13 2018 — — One of the largest foreign holders of Canadian energy stocks says investors are turning away from the country, frustrated over Prime Minister Justin Trudeau’s failure to get pipelines built to ease a record discount for oil-sands crude. In a letter to the prime minister, Darren Peers, an analyst and investor at Los Angeles-based Capital Group […]

McConnell Rules Out Vote on New Nafta Trade Deal Before 2019

Oct 16 2018 — — President Donald Trump’s renegotiated trade deal with Mexico and Canada won’t get a vote in Congress this year, Senate Majority Leader Mitch McConnell said, setting up a potential contentious fight with Democrats next year over a signature White House accomplishment. “My trade advisers say you can’t possibly do it under the various steps that we […]

Trudeau Still Canadians’ Top Pick for Taming Trump, Poll Shows

Oct 16 2018 — Josh Wingrove — Justin Trudeau’s government is under increasing attack for its U.S. trade deal, but Canadians still see the prime minister as the best bet for dealing with Donald Trump. In a Nanos Research poll conducted for Bloomberg, 39 percent of Canadians say Trudeau is the best for managing ties with the U.S. president. Another 22 percent […]

In Harper’s World, Trudeau’s Brand of Liberalism Can Only Fail

Oct 15 2018 — Theophilos Argitis — Whatever disdain Stephen Harper had for liberals as Canadian prime minister shows no signs of abating now that he’s out of office. In an interview Thursday in Toronto, where Harper was promoting his new book “Right Here, Right Now: Politics and Leadership in the Age of Disruption,” he explained his thoughts on populism, economics, recent […]

USMCA China clause latest blow to Trudeau’s Asia ambitions

Oct 4 2018 — Josh Wingrove — Justin Trudeau dreams of closer Canadian ties with China. The deal he just made with Donald Trump makes it harder for that to happen. The new trade agreement between the U.S., Canada and Mexico includes a provision that requires one member to notify the others if it launches trade talks with a non-market economy. If […]